Cost of Living: Richville, MN vs Newark, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richville | Newark |
|---|---|---|
| Housing Index | Data is updating | 130.5 |
| Median Home Price | $185,000 | $327,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $2200 |
| Average Rent (2 BR House) | $Data is updating | $2267 |
Housing Comparison: Richville vs Newark
- The median home price in Newark is higher at $327,000, compared to $185,000 in Richville.
- The rent for a two-bedroom apartment is equal in both Richville and Newark at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Richville | Newark |
|---|---|---|
| Electricity Price | $16.38 | $19.88 |
| Natural Gas Price | $14.87 | $14.01 |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Richville vs Newark
- Newark has higher electricity costs at $19.88 per kWh, versus $16.38 in Richville.
- Natural gas is more expensive in Richville at $14.87 per unit, while it is cheaper at $14.01 in Newark.
- Utility expenses are equal in both Richville and Newark averaging $0.0.